How do we create a better economy?
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Date: 2022-11-29
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Comments and reviews: 12
Salokin
The theory mixes degrowth and MMT wackiness into a pot or doughnut, that's it. Note, Kate Rawoth doesn't actually present any mathematical model just emotional allusions to cancer. Her points like GDP doesn't factor in communities or the enviroment but it kinda already does. Property value is usually associated with the quality of the community, for example, if it has parks nearby, or good schools or its safe.
Moreover, Rawoth talks about the lack of decoupling GDP from C02 emissions, but that's already happening. The C02 output of developed economies has been consistently declining whilst GDP has been growing.
We need to radically reduce our use of Earth's resources
This would have to include austerity measures, not just for rich countries, but also developing and poor nations whose economies are dependant on trading resources, like oil.
Nowhere does Kate present a model beyond a picture. She doesn't present how she wants to convince developing nations to stop consuming resources beyond moral panic.
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The theory mixes degrowth and MMT wackiness into a pot or doughnut, that's it. Note, Kate Rawoth doesn't actually present any mathematical model just emotional allusions to cancer. Her points like GDP doesn't factor in communities or the enviroment but it kinda already does. Property value is usually associated with the quality of the community, for example, if it has parks nearby, or good schools or its safe.
Moreover, Rawoth talks about the lack of decoupling GDP from C02 emissions, but that's already happening. The C02 output of developed economies has been consistently declining whilst GDP has been growing.
We need to radically reduce our use of Earth's resources
This would have to include austerity measures, not just for rich countries, but also developing and poor nations whose economies are dependant on trading resources, like oil.
Nowhere does Kate present a model beyond a picture. She doesn't present how she wants to convince developing nations to stop consuming resources beyond moral panic.
reply
Jim
I've really come to love Ted-Ed. I discovered it several years ago when tutoring someone in K-12 - the intended audience for these videos. But, they are great for adults too! I just sent out its recent overview of schizophrenia, and certainly will send this one around - it captures Kate Raworth's Donut Economy in 5 minutes as well or better than her longer lectures and many white papers discussing this pariticular concept. Well done Ted-Ed, keep up the great work!
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I've really come to love Ted-Ed. I discovered it several years ago when tutoring someone in K-12 - the intended audience for these videos. But, they are great for adults too! I just sent out its recent overview of schizophrenia, and certainly will send this one around - it captures Kate Raworth's Donut Economy in 5 minutes as well or better than her longer lectures and many white papers discussing this pariticular concept. Well done Ted-Ed, keep up the great work!
reply
Craig
IMO the way to make a better economy is AI + UBI, UBN, & UBS. Use AI and robotics/automation to help lower scarcity as much as possible. Use AI to rule the gov to end corruption. Use AI to regulate things. Like for example making artificial scarcity illegal (IMO this is one of the greatest evils.
Then make a UBI system which covers just enough for the person to stay alive.
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IMO the way to make a better economy is AI + UBI, UBN, & UBS. Use AI and robotics/automation to help lower scarcity as much as possible. Use AI to rule the gov to end corruption. Use AI to regulate things. Like for example making artificial scarcity illegal (IMO this is one of the greatest evils.
Then make a UBI system which covers just enough for the person to stay alive.
reply
Sir
They will use the threat of a collapsing environment to rob you of a decent livestyle while they continue to pollute and live in excess at the same time nagging you for being wasteful.
The World Economic Forum said it best: By 2030, you will own nothing and you will be happy, everyone will rent everything. except them of course, they will own everything.
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They will use the threat of a collapsing environment to rob you of a decent livestyle while they continue to pollute and live in excess at the same time nagging you for being wasteful.
The World Economic Forum said it best: By 2030, you will own nothing and you will be happy, everyone will rent everything. except them of course, they will own everything.
reply
ANODOMINATE
I think the West ruined the 20th century for Asian & African countries and use those time to completely industrialed themselves and know we are stuck in a global crisis. Nevertheless, this time we have to work together. Forget about the boundaries and color, just do it
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I think the West ruined the 20th century for Asian & African countries and use those time to completely industrialed themselves and know we are stuck in a global crisis. Nevertheless, this time we have to work together. Forget about the boundaries and color, just do it
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mwagaha
The speaker talks really annoyingly, audio ruined this one for me. Also the first couple minutes don't really matter, could easily be shortened down into a couple sentences so I don't have to wait so long to get to the point of the video
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The speaker talks really annoyingly, audio ruined this one for me. Also the first couple minutes don't really matter, could easily be shortened down into a couple sentences so I don't have to wait so long to get to the point of the video
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Pouriya
And how would you implement this in companies and economies?
Currently most companies survive based on having more growth than the opposition. Since the more money you have the more you can improve and compete in the market.
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And how would you implement this in companies and economies?
Currently most companies survive based on having more growth than the opposition. Since the more money you have the more you can improve and compete in the market.
reply
Average
Ted-Ed the whole point of the economy is to distribute limited goods to unlimited wants, and more goods mean more fulfilled wants, and therefore, more quality of life
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Ted-Ed the whole point of the economy is to distribute limited goods to unlimited wants, and more goods mean more fulfilled wants, and therefore, more quality of life
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Just
The Economics of Liberalism is that, it's free from the constraints of the Nature
Which is fuelling all the problems, from climate change to Exploitation!
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The Economics of Liberalism is that, it's free from the constraints of the Nature
Which is fuelling all the problems, from climate change to Exploitation!
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Layton
Oh nooooooo are they bought out by the WEF you own nothing and you'll be happy James Bond villain Klaus Swab? Don't involve these people Ted!
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Oh nooooooo are they bought out by the WEF you own nothing and you'll be happy James Bond villain Klaus Swab? Don't involve these people Ted!
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IDK
I really liked the video. I have heard something very similar from Guru Nanak Dev ji may be you can add his teachings to you video some time.
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I really liked the video. I have heard something very similar from Guru Nanak Dev ji may be you can add his teachings to you video some time.
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Gaara5daime
Mahatma Gandhi once famously said: The Earth provides enough to satisfy every man s needs, but not every man s greed.
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Mahatma Gandhi once famously said: The Earth provides enough to satisfy every man s needs, but not every man s greed.
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